Does world cup Football 2018 not have any effect on crypto market.

[Pancheng]

To be honest i can't see any reason world cup effects bitcoin prices neither up nor down. People just watching football, that's all about world cup.

There's no connections between this world cup and crypto, there will be one day on future when we start to see crypto commercials and crypto advertising on stadium's. It's not cheap to advertise company on world cup, or to be one of official sponsors, some crypto company or some coin will start to invest money in that sector eventually.
Now world cup is for people to watch football and bet on it, big money is in that but fiat money. One day crypto will get into it, but that will not happen this year.

Everything can be connected to cryptocurrency, but the problem is no one links their company as an sponsor on the game to say to the world that crypto is real and it does exist even in sports too.

As for example the company of ETH applied as a sponsor in the world cup, it will be publish on the articles about it and people will know about ETH and it will link to crypto, but since no one have ever done it I don't see any connection as well.

[jeremypwr]

Been giving this a lot of thought lately and also was curious about the correlation of the World Cup and Bitcoin transaction fees.
It seems that, at least for the past few days, that transaction fees have been much higher just before and even during World Cup matches.
While this is possibly a random coincidence, I still think it's awfully ironic to say the least.

[iram1011]

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

There is definitely not any co-relation between FIFA and bitcoin price action.
FIFA do boost the betting platform. Sports betting isn't legal in many countries. Bitcoin and cryptocurrencies, thus, pave a way for people to get involved in sports betting anonymously. According to me, cryptocurrencies have a huge marketplace in betting ecosystem. But I don't think that this is going to bring any price appreciation in a $300 Billion market. Betting might constitute only a few millions which would be less than a 1%.

[satana_igor666]

I do not think that the World Cup will have any impact on the change in the bitcoin rate.  Now, if it were possible to pay for housing or buy tickets for bitcoin, then yes, I think he would have grown.

[Marcommaso]

I agree with the other users, world cup don't have effect on crypto market. Perhaps if BTC had been sponsored, for example in the field banners, there would have been a positive effect.

[Abete]

which is sure to the world cup this time, the crypto turmoil in the field of football betting very lively until the final party later, and russia can be said to be a very open country with crypto. the bitcoin market while down is probably the influence of the world cup, but nobody knows, if bitcoin will rise in the final party later. all can happen, nothing is impossible!

[siguria]

unless there will be a direct marketing towards btc in world cup than it can affect the price but if we just wait an hope it will have an effect in my opinion it won`t effect

[BelieveInBTC]

World cup probably doesn't have any impact on Bitcoin and other cryptocurrencies. Why are you always asking such question when there is a big event happening? There are many websites which allows you to bet using cryptocurrencies so I doubt that investors are cashing out in order to bet on football matches using fiat. Fiat betting websites might be more reliable but there are also some trustful crypto ones.

[quynhtrang666]

Before the fifa world cup 2018 took place I thought the cryptocurrency market would be less bleak but on the contrary I see nothing changed. bitcoin prices are not rising, some altcoin prices drop. I am very disappointed

[JerryJam]

The world Cup is of course a Grand and significant event. But only in the history of football. This event cannot affect the cryptocurrency market and the market of all other currencies too. Maybe this will affect the raising of the authority of the crypto currency but not the price of the crypto currency. We all know some factors that determine the value of the cryptocurrency and the championship here has no influence.

[pompinkpomelo]

The world Cup is of course a Grand and significant event. But only in the history of football. This event cannot affect the cryptocurrency market and the market of all other currencies too. Maybe this will affect the raising of the authority of the crypto currency but not the price of the crypto currency. We all know some factors that determine the value of the cryptocurrency and the championship here has no influence.

Man I have no idea what any of this means.

[gabmen]

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Wth? Lol. Why would a sporting event have any connection to the value of bitcoin? Seriously, people are connecting everything to btc's price, from religious traditions to major sporting events.

[damort]

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

I have just heard that Bitcoin is using in many hotels at Russia for this World Cup time. You can see full in details here: https://btcmanager.com/bitcoins-promise-of-global-currency-to-be-tested-at-fifa-world-cup-in-june-2018/
Bitcoin is using more, but I have no idea that World Cup can make a huge boost to Bitcoin. That's not what it is. 

[bungutko]

I hope there is an effect on the crypto market particularly for bitcoin. In the event where tickets will be sold using the btc currency, then it may have an effect on it but probably not that big enough that it could drastically increase the value of btc within that world cup dates.

[Juggy777]

I don't think FIFA will have any effect on bitcoins it'll be interesting to see if it does but honestly I don't see any correlation between the two. There was a news earlier that Russia would allow bitcoins and it would help it scale it up but I don't think it happened so let's see, if any one going to Russia take a poster of bitcoins and try and spread the word who knows we may just benefit.

[Kertmu]

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Of course not. Unless somebody converts a small part of the cryptocurrency to buy a ticket and stay in Moscow or other city where his team will play. 

[Vafandu]

Why ?

[stompix]

Been giving this a lot of thought lately and also was curious about the correlation of the World Cup and Bitcoin transaction fees.
It seems that, at least for the past few days, that transaction fees have been much higher just before and even during World Cup matches.
While this is possibly a random coincidence, I still think it's awfully ironic to say the least.

It's purely random and maybe it was because you checked the fees only once
Two days ago when I sent a few Mbits it got confirmed in the first block and when I looked at the blocks none of the last 10 where full. I saw a lot of txs with less than 1 satoshi per byte.

The world Cup is of course a Grand and significant event. But only in the history of football. This event cannot affect the cryptocurrency market and the market of all other currencies too. Maybe this will affect the raising of the authority of the crypto currency but not the price of the crypto currency. We all know some factors that determine the value of the cryptocurrency and the championship here has no influence.

Man I have no idea what any of this means.

It means google translate still sucks  

I have just heard that Bitcoin is using in many hotels at Russia for this World Cup time. You can see full in details here: https://btcmanager.com/bitcoins-promise-of-global-currency-to-be-tested-at-fifa-world-cup-in-june-2018/
Bitcoin is using more, but I have no idea that World Cup can make a huge boost to Bitcoin. That's not what it is.  

This is what happens when you blow things out of proportions...
The "hotels" is actually a "hotel", which is not really a hotel but a block of flats where you can rent a flat, just like Airbnb, no restaurant, no cleaning service, cheap as hell, I see the prices are at around 70 euros for 2 nights.

[sublime5447]

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Yes, of course, bitcoin will get benefit from this big event. The merchants in Russia will gain profits from this event, including the merchants who receive payments through Bitcoin. If we talk about the amount, gambling sector will give the biggest impact.

[Kray]

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Certainly, even the big media has reviewed about this.
Like this Forbes’ article https://www.forbes.com/sites/billybambrough/2018/05/31/the-russia-world-cup-could-be-about-to-boost-the-bitcoin-price/
Events like this are great for the circulation and demand of bitcoin especially when it’s supported very widely with acceptance of various things.